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School Tax Credit Arizona tax law (ARS 43-1089.01) allows taxpayers a tax credit up to
This is an actual credit against income tax imposed upon the individual. Contributions that are eligible for a tax credit are donated directly to schools, not the state and not even the school district. This money can only be used by the school to which it is contributed and only for extracurricular activities. In the law, "extracurricular activity" means any optional, noncredit, educational or recreational activity which supplements the educational program of the school, whether offered before, during, or after regular hours. The possibilities are endless. How can I take advantage of this tax credit? 1. Write a check made payable to Hudlow Elementary You may also contribute by credit card. Use the secure online Tax Credit form to make your credit card payment for Arizona Tax Credit Donations. Note: Credit card payments are only accepted through the online form, not at the office at Hudlow. 2. Indicate on the check that the donation is for Hudlow. 3. Mail or deliver the check to the front office. You can also send it in with your child. 4. We will need your social security number so you can get the tax credit. 5. Receive a receipt for any contribution of
$10 or more. Commonly Asked Questions
To
receive the credit for the current tax year, the payment must be made before
December 31, 2009.
No, any taxpayer can contribute to any public school of their choice. This means relatives and friends living in Arizona could each contribute up to $200 to Hudlow.
No, you may receive a tax credit of $400 (or the amount you contribute to the schools) toward the amount of income tax imposed upon you by the state. In other words if you are a tax payer and you owe the state $500 in taxes when you file your return, that amount will be reduced by the $400 you donated the school. Leaving you only owing $100 to the state. If You Have Any Questions
Ask your tax preparer, or call Principal Cheri LaRochelle at Hudlow Elementary (520) 731-4800. More online information is available at the following websites:
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